Smith: Eight Missed Budget Opportunities
Washington, DC - Congressman Lamar Smith (R-Texas) released the following statement today in response to President Obama’s final budget proposal for fiscal year 2017.
Congressman Lamar Smith: “President Obama has now missed eight opportunities to balance the budget and address the real fiscal crisis facing our nation. Instead, he has delivered a tax-and-spend plan year after year that has grown our debt to $19 trillion. If this budget were to be implemented, it would more than double our national debt from what it was when the president took office.
“This year’s budget proposal alone would increase spending by $2.5 trillion and raise taxes by $3.4 trillion over the next decade. Just one of these proposals would tax oil at $10 per barrel, punishing domestic energy developers and raising prices at the pump by 24 cents a gallon.
“This unrealistic wishlist undermines any remaining credibility the president might have had for working with Congress on serious priorities this year. I will only support a budget that balances and that works for the American people.”